Would you rather pay all the taxes on that or collect monthly income and only pay a small portion of taxes on that monthly payment and the downpayment?

In NYC you’re only allowed to collect $20, not enough to cover the standard $35 fee.

@Andrew Freed These programs make money by collecting premiums and declining coverage.

Not to mention, ideally, you'd like a condo with reserves - no way to collect that unless the monthly fee is higher.

I realize that collecting is another matter, but let's say the tenant likes nice cars and cares about their credit.

Hypothetically - this is in Virginia but most states adopted the federal laws   Owner - Grandparent Heir - GrandchildParents - NOT involvedRent collection after death - FriendProperty guardian - assigned If rental property is left as inheritance  to minor GRANDCHILD  - after the death of the grandparent : -to be transferred to the grandchild when he reaches 18 - Deed in place , - to be rented  until then - - the rent to be collected on the behalf of friend , claimed by the friend as rental property for tax purposes, and the friend pays taxes on the income.Question - Is this possible and what will be the issue in this case scenario?

if this loan performed for lets say 3 years it collected  84k.

I just go to the property in person once a week and collect the weeks rent in advance. 

For the applicant that I accept as my first tenant, send them an acceptance letter and collect security deposit + first months rentI am sure there is something (maybe a lot) that I am missing.

And to answer the second part you would collect funds in your account, and distribute them according to the contract.